Satixfy Communications (NYSEAMERICAN:SATX) Upgraded at Northland Capmk

Satixfy Communications (NYSEAMERICAN:SATX) was upgraded by equities researchers at Northland Capmk to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Separately, Northland Securities started coverage on shares of Satixfy Communications in a research report on Thursday. They set an “outperform” rating and a $2.00 target price on the stock.

Satixfy Communications Stock Performance

NYSEAMERICAN:SATX opened at $0.84 on Thursday. Satixfy Communications has a 52-week low of $0.30 and a 52-week high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last posted its quarterly earnings data on Friday, September 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $4.15 million for the quarter.

Institutional Investors Weigh In On Satixfy Communications

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC increased its holdings in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,277,958 shares of the company’s stock after buying an additional 95,115 shares during the period. Senvest Management LLC owned 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent quarter. 5.04% of the stock is currently owned by institutional investors.

About Satixfy Communications

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.